Post Stabilisation Notice

DUBLIN--(BUSINESS WIRE)-- 

Date: April 22^nd, 2026

Not for the distribution, directly or indirectly into the United States or any jurisdiction in which such distribution would be unlawful.

Issuer: Republic of Italy

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Post Stabilisation Notice

Further to the pre-stabilisation period announcement dated April 15^th 2026, IMI - Intesa Sanpaolo (contact: IMI-Intesa Sanpaolo Syndicate Desk; telephone [phone]) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014)) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

Securities:
Issuer:	Republic of Italy
Guarantor (if any):	NA
Aggregate Nominal Amount:	EUR 14bn		EUR 3.50bn
Description:	Republic of Italy 10y benchmark due 1 July 2036		Republic of Italy 20y BTP€i inflation linked due 15 February 2046
Other Offer Terms:	Italian Law Issuer rating: Baa2/BBB+/BBB+/AL/BBB+ (stab/pos/stab/stab/pos) by Moody's/S&P/Fitch/DBRS/Scope ISIN IT0005706285		Italian Law Issuer rating: Baa2/BBB+/BBB+/AL/BBB+ (stab/pos/stab/stab/pos) by Moody's/S&P/Fitch/DBRS/Scope ISIN IT0005706293
Stabilisation Manager(s)		IMI-Intesa Sanpaolo

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.